Mongolia may keep coal deposit in state hands
China Daily | Updated: 2010-02-09 07:44
ULAN BATOR: Mongolian Prime Minister Sukhbaatar Batbold said that while he doesn't rule out foreign ownership of the $2 billion Tavan Tolgoi coal deposit, state ownership is preferred.
"We have not ruled out foreign mining companies having a stake, but our preferred option is complete state control," Batbold said at a press conference held in the nation's capital of Ulan Bator, where he is hosting an investment conference.
"Ownership and investment of all the big projects will be decided on a case by case basis."
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